The Telangana government delegation, led by Chief Minister A. Revanth Reddy, has successfully concluded its three-day participation at the prestigious World Economic Forum annual meeting in Davos, Switzerland. The 'Telangana Rising' initiative has yielded substantial economic dividends, with the state securing investment commitments and expressions of interest totaling nearly ₹29,000 crore across diverse sectors including steel production, data centers, artificial intelligence, clean energy, manufacturing, and global capability centers.
Day-by-Day Investment Momentum
After solidifying investment intentions worth approximately ₹23,000 crore on the second day of the forum, the Telangana delegation added another significant tranche of ₹5,623 crore on the final day. This progressive accumulation demonstrates the sustained interest from global corporations in Telangana's growth narrative and its favorable business ecosystem.
Major Investment Announcements
Several landmark commitments emerged during the forum. UPC Volt revealed plans to invest ₹5,000 crore in establishing a 100 MW AI-ready data center at Bharat Future City, positioning Hyderabad as a future-ready digital infrastructure hub. Schneider Electric India announced a ₹623 crore expansion plan within the state, further strengthening Telangana's manufacturing capabilities.
Launch of Aikam AI Innovation Entity
A key highlight of the third day was the official launch of Aikam, a groundbreaking autonomous AI innovation entity designed to serve as a global proving ground for large-scale artificial intelligence deployment. Telangana signed multiple memoranda of understanding for Aikam with international partners including UK-based education leader Pearson, the Dubai Multi Commodities Centre AI CoLab of the MedStar–Georgetown Collaboration Centre, and Journey, showcasing the state's commitment to becoming an AI innovation leader.
Marquee Global Commitments
French beauty and personal care conglomerate L'Oréal made a significant announcement, committing $350 million (approximately ₹3,500 crore) to establish its first AI-powered global beauty technology hub in Hyderabad. This pioneering facility is expected to generate around 2,000 employment opportunities, blending cutting-edge technology with the beauty industry.
The single largest memorandum of understanding was signed with Kolkata-based Rashmi Group, which pledged ₹12,500 crore to establish a comprehensive steel manufacturing unit in Telangana. This substantial investment is projected to create an estimated 12,000 direct and indirect jobs, providing a significant boost to the state's industrial employment landscape.
Clean Energy and Aviation Investments
Clean energy initiatives attracted strong international interest. Slovakia's NUkler submitted an expression of interest to invest ₹6,000 crore in a 300 MW small modular reactor project, while US-based Sargad proposed a phased investment of up to ₹1,000 crore for an aviation maintenance, repair, and overhaul facility. California-based artificial intelligence firm Blaize indicated plans to scale up operations and pilot AI solutions across healthcare, manufacturing, and energy sectors within Telangana.
Future Investment Prospects
The delegation conducted exploratory meetings with several global corporations including AB InBev, INOX Group, and Tata Sons to discuss future investment opportunities aligned with the Telangana Rising 2047 vision. Chief Minister Revanth Reddy proposed hosting a World Economic Forum follow-up meeting in Hyderabad, which received positive responses from forum participants, before departing for the United States to continue investment promotion efforts.
The successful Davos engagement underscores Telangana's growing prominence as an attractive investment destination, with the diverse sectoral spread of commitments highlighting the state's balanced economic development strategy. The combination of traditional manufacturing investments with cutting-edge technology initiatives positions Telangana for sustainable growth in the coming decades.
